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    Economics / Bush, deficits, fiscal policy, health care, Obama, Reagan, republican party /

    Republican Strategy

    April 20, 2011

    As I have mentioned before: what are they thinking? The Republicans have taken a dramatic stand on deficit reduction. Indeed they have made it their entire reason for being since they retook the House last November. Their hardline supporters are fired up and believe that this is their opportunity to hack away at the social […]

    Commentary /

    Apocalypse Now. Right Wing Style.

    April 19, 2011

    As a continuation on yesterday’s tirade against S&P, I see I am not alone. No lesser authority than the Financial Times also dismissed the rating agency as irrelevant. Good. It is. The point, obviously, is that in any market so well researched, deep, and active as that for US bonds, it is practically impossible for […]

    Economics / bank reform, banking, Bush, creditors, deficits, interest rates, Obama, rating agencies, S&P, Standard and Poor's /

    Rating Agency Two Step

    April 18, 2011

    Standard and Poor’s has just announced that it is watching the US very carefully. So carefully, in fact, that it might be forced to downgrade the US debt rating if not for some serious effort to deal with the budget deficit. That deficit, presumably, would cause damage to S&P’s clients. Those would be the big […]

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